Asset Entities jumps after stockholders approve Strive merger

Shares of social media marketing company Asset Entities ASST.O jump 81% to $11.37 premarket

ASST's stockholders approve merger with Strive Enterprises - a financial services firm co-founded by former Republican presidential candidate Vivek Ramaswamy

Upon completion of merger, co will be renamed Strive and continue trading on Nasdaq with ASST ticker

The deal, originally announced in May, will see ASST become a bitcoin holding company

Company is one of several that have attempted to replicate the approach of Michael Saylor's Strategy MSTR.O

After the merger closes, co looks to consummate $750 mln private placement announced on May 27 to support bitcoin acquisitions

As of last close, ASST shares have surged more than 1000% YTD